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Wednesday, July 15, 2020 17:37 GMT
State energy giant Saudi Aramco said on Tuesday that it will be reorganizing its downstream business to support its global growth strategy, aiming to complete it by the end of this year. The downstream model will be divided into four units: fuels including refining, trading, retail and lubes; chemicals; power; and pipelines, distribution and terminals, Aramco said in a statement. "This reorganization is designed to enhance the effectiveness and efficiency of Aramco's existing downstream...More